Machesney Park, IL - Field, a global distributor of fasteners and other small components, announced that Field and HRS Logistics have merged. This strategic partnership will enhance their position in the marketplace by expanding the products, services, and geographical footprint in which they service their customers.
Field has averaged 20% growth rate since 1990 and plans to sustain high growth and reach $100 Million in revenue in the next few years. “We are all about building and strengthening teams to provide value to current and prospective customers. The combined strength of HRS Logistics and Field will allow us to excel and provide significant benefits to both.” States Field’s Chairman Bill Derry, “We are fired up about the future.”
HRS Logistics is a global provider of fasteners and other “class c” items servicing customers throughout the South/Southwest and in Mexico. They are a rapidly growing company that has achieved a 155% growth rate over the last 4 years. “HRS Logistics is pleased to have merged with such a strong and well respected company in our industry, “says Ray Robinson President of HRS Logistics. “With Field and our experienced and dedicated employees, we will better serve and supply our customers for now and the future”.
As a result of this merger, both companies will have a broader footprint to service current customers and provide technical services to drive short and long term cost savings. Field and HRS Logistics have an experienced, cross functional team dedicated to seamlessly integrating the two businesses and minimize the change felt by customers, suppliers, and team members.
Field President Jim Derry states, “There are significant synergies between the companies that will improve both organizations when combined. Both companies share a culture of servicing customers in a family business environment with passionate team members. The combined company will provide greater opportunities for our team, increased capabilities for our customers, and a larger spend with our strategic suppliers. We are excited about bringing the strengths of Field and HRS Logistics together!”